Wintermute Policy Lead: The probability of the Clarity Act passing this year is only 30%

Deep Tide TechFlow News. On April 11, according to CoinDesk, Ron Hammond, head of policy at crypto market maker Wintermute, said that the legislative process for the U.S. crypto market structure bill, the Clarity Act, is still constrained by multiple factors, with a roughly 30% chance of being passed this year. The bill is intended to clarify the division of responsibilities between the SEC and the CFTC in digital-asset regulation, but current negotiation progress is uneven: the timetable has been postponed multiple times. The primary resistance comes from traditional banking institutions, especially disagreements over whether stablecoins should be allowed to provide yield. Related compromise proposals have been blocked repeatedly. In addition, divisions within the Democratic Party, as well as issues such as DeFi compliance and anti-money laundering, also add uncertainty to the legislation. However, Ron Hammond believes there is still room to move the bill forward, but whether it can be implemented within the year still depends on whether key disagreements can be resolved.